APA RESEARCH PAPER

Pepsi Points Case

Pepsi Harrier-Jet case

Executive Summary

A contract is an agreement between two parties to fulfill certain obligations according to predefined terms and conditions. The four essential components of a valid contract include mutual consent on the terms of the contract, legal competence of the parties involved, an agreement to enter into contract, and lastly a consideration or promise of a worthy exchange. According to the objective theory of contracts, there has to be an objective contract existing between the parties that can be interpreted by a third party. Otherwise there are no subjective considerations underlying a contract. Advertisements are ...